Atlanta Hard Money Lending Explained
Atlanta hard money lending is defined as a specialized, short-term form of lending that relies on real estate as collateral. In this case, t...
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Atlanta hard money lending is defined as a specialized, short-term form of lending that relies on real estate as collateral. In this case, the value of the collateral has a higher weighting than the status or ability to pay on the part of the borrower. Because this type of loan does not employ traditional credit guidelines, it is more expensive.
Atlanta is the state capital of Georgia, a southern state on the Atlantic coast of the United States. The capital itself is situated some 250 miles inland from the coastal city of Savannah in the north west corner of the state. It takes approximately three and a half hours to drive from Savannah to the state capital. An "alpha" world city that formed in 1837 at the crossroads of two railway lines, the city has a GDP of $270 billion.
The city has a population of 443,000 people as of the 2010 census. The population density is roughly 3,200 per square mile. Among the top employers are public school districts, Delta Air Lines and Emory University. Atlanta is criss-crossed by two interstate highways, I-85, running north and south, and I-20, running east and west. The city is home to three professional sports teams: the Braves (major league baseball), the Falcons of NFL football and the Hawks (basketball).
Hartsfield-Jackson Airport is only a 15-minute drive from the center of town along I-85. In terms of passenger traffic, it has been the world's busiest airport since 1998. In 2012, it accommodated 95 million passengers. The airport opened to passenger traffic in May of 1928. Delta Air Lines has made Hartsfield-Jackson its hub.
One of the oldest, most mature and established neighborhoods is Mozley Park, built in the 1920s. Homes here tend to be mostly Craftsman bungalows and Folk Victorian cottages. The bungalows rarely have driveways. The Folk Victorian style, a blend of English classic with American homestead, is named after the Franco-British custom of naming architectural genre after the monarch who is reigning at the time. In this case, the monarch was Queen Victoria of England.
The American Craftsman style emerged out of the British Arts and Crafts movement in the late 1860s, lasting until the 1930s. During this period, skilled craftsmanship was favored over mass production. As a result, these homes were accessible only to the well off, known at the time as "champagne socialists."
These are just two of the housing styles that might form collateral for Atlanta hard money lending. The city is a cornucopia of interesting architectural styles. Federalist, Georgian and ante-bellum styles speak to the area's Spanish and British heritage. Other styles include American Colonial, Neo-Classical and Neo-Mediterranean.
Tom G. Honeycutt is a full-time real estate entrepreneur in Atlanta, GA. Tom helps readers by providing practical and useful knowledge to better understand lending choices. If you are looking for Commercial Building | Financing Loans Atlanta, GA He suggests you check out the website iFund International
Atlanta is the state capital of Georgia, a southern state on the Atlantic coast of the United States. The capital itself is situated some 250 miles inland from the coastal city of Savannah in the north west corner of the state. It takes approximately three and a half hours to drive from Savannah to the state capital. An "alpha" world city that formed in 1837 at the crossroads of two railway lines, the city has a GDP of $270 billion.
The city has a population of 443,000 people as of the 2010 census. The population density is roughly 3,200 per square mile. Among the top employers are public school districts, Delta Air Lines and Emory University. Atlanta is criss-crossed by two interstate highways, I-85, running north and south, and I-20, running east and west. The city is home to three professional sports teams: the Braves (major league baseball), the Falcons of NFL football and the Hawks (basketball).
Hartsfield-Jackson Airport is only a 15-minute drive from the center of town along I-85. In terms of passenger traffic, it has been the world's busiest airport since 1998. In 2012, it accommodated 95 million passengers. The airport opened to passenger traffic in May of 1928. Delta Air Lines has made Hartsfield-Jackson its hub.
One of the oldest, most mature and established neighborhoods is Mozley Park, built in the 1920s. Homes here tend to be mostly Craftsman bungalows and Folk Victorian cottages. The bungalows rarely have driveways. The Folk Victorian style, a blend of English classic with American homestead, is named after the Franco-British custom of naming architectural genre after the monarch who is reigning at the time. In this case, the monarch was Queen Victoria of England.
The American Craftsman style emerged out of the British Arts and Crafts movement in the late 1860s, lasting until the 1930s. During this period, skilled craftsmanship was favored over mass production. As a result, these homes were accessible only to the well off, known at the time as "champagne socialists."
These are just two of the housing styles that might form collateral for Atlanta hard money lending. The city is a cornucopia of interesting architectural styles. Federalist, Georgian and ante-bellum styles speak to the area's Spanish and British heritage. Other styles include American Colonial, Neo-Classical and Neo-Mediterranean.
Tom G. Honeycutt is a full-time real estate entrepreneur in Atlanta, GA. Tom helps readers by providing practical and useful knowledge to better understand lending choices. If you are looking for Commercial Building | Financing Loans Atlanta, GA He suggests you check out the website iFund International
